Preservation Association of the Southern Tier

Analysis

Preservation Association of the Southern Tier is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in January 1997, 29 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Preservation Association of the Southern Tier reported income of $50k and spending of $35k, leaving 30% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $20k to $50k (+154%), an average of +59% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preservation Association of the Southern Tier sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Emanuel Mexico Mission Inc ($50k), Action Alliance International ($50k) and James McGregor Educational Institutions Endowment Fund Trust ($50k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 8.0% and program service revenue 65% of the total. At year end it held assets of $121k against liabilities of $572, net assets of $120k.